[Federal Register Volume 61, Number 130 (Friday, July 5, 1996)]
[Notices]
[Page 35273]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-17153]


=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 22048; 811-4876]


American Corporate Trust; Notice of Application for 
Deregistration

June 28, 1996.
AGENCY: Securities and Exchange Commission (``SEC'').

ACTION: Notice of application for deregistration under the Investment 
Company Act of 1940 (the ``Act'').

-----------------------------------------------------------------------

APPLICANT: American Corporate Trust.

RELEVANT ACT SECTION: Order requested under section 8(f).

SUMMARY OF APPLICATION: Applicant requests an order declaring that it 
has ceased to be an investment company.

FILING DATE: The application was filed on March 5, 1996 and amended on 
May 31, 1996.

HEARING OR NOTIFICATION OF HEARING: An order granting the application 
will be issued unless the SEC orders a hearing. Interested persons may 
request a hearing by writing to the SEC's Secretary and serving 
applicant with a copy of the request, personally or by mail. Hearing 
requests should be received by the SEC by 5:30 p.m. on July 23, 1996, 
and should be accompanied by proof of service on the applicant, in the 
form of an affidavit or, for lawyers, a certificate of service. Hearing 
requests should state the nature of the writer's interest, the reason 
for the request, and the issues contested. Persons may request 
notification of a hearing by writing to the SEC's Secretary.

ADDRESSES: Secretary, SEC, 450 Fifth Street, N.W., Washington, D.C. 
20549. Applicant, City Center, 100 2nd Ave. S., Suite 902, Box 8, St. 
Petersburg, FL 33701.

FOR FURTHER INFORMATION CONTACT:
Mary T. Geffroy, Staff Attorney, at (202) 942-0553, or Robert A. 
Robertson, Branch Chief, at (202) 942-0564 (Division of Investment 
Management, Office of Investment Company Regulation).

SUPPLEMENTARY INFORMATION: The following is a summary of the 
application. The complete application may be obtained for a fee from 
the SEC's Public Reference Branch.

Applicant's Representations

    1. Applicant is a registered unit investment trust under the Act. 
On October 16, 1986, applicant filed with the SEC a notification of 
registration on Form N-8A pursuant to section 8(a) of the Act, and a 
registration statement to register its units under section 8(b) of the 
Act and the Securities Act of 1933. The registration statement became 
effective on August 21, 1987.
    2. Applicant, during the life of the trust, offered shares in the 
following five series: First Yield Series, Second Yield Series, Third 
Yield Series, Fourth Yield Series, and Fifth Yield Series.
    3. Trust assets were distributed to unitholders based upon their 
pro rata share. The size of each trust portfolio fell below mandatory 
liquidation levels and thus, each trust was liquidated. The bonds 
remaining in each series were sold at fair market value. The net asset 
value of those bonds was distributed in cash to the unitholders of the 
respective series. No brokerage commissions were incurred in connection 
with the distribution.
    4. No expenses were incurred in connection with the distribution. 
As of the date of the application, applicant had no assets liabilities, 
or unitholders. Applicant is not engaged, nor proposes to engage, in 
any business activities other than those necessary for the winding up 
of its affairs.

    For the SEC, by the Division of Investment Management, under 
delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 96-17153 Filed 7-3-96; 8:45 am]
BILLING CODE 8010-01-M